Reason why you should always keep a strict Stoploss..

This is the chart you must see if you believe you can be casual with stops or you can exit when the stock gets there.Gold futures last night did not even take minutes to trash the short term down move and that too at a scorching pace. Only strictly placed orders for bears would've saved them..As they say ..If you do not learn to take small losses now , one day you will have to take the mother of all losses.